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Leasing companies see 30 percent mid-year growth

THE LEASING Companies Association (ALS) in Slovakia announced that the total volume of leasing contracts for movable and immovable assets not including VAT was Sk33.3 billion over the first six months of this year, up almost 30 percent year-on-year.

Leasing companies concluded 42,412 contracts in the first half of 2006, which was 22.6 percent more year-on-year.

In the second half of 2006 the ALS expects the trend to continue, and is forecasting a total contract volume of Sk70 billion at the end of the year.

Cars remain the most popular leased item, contributing Sk10.5 billion to the mid-year results. The second most popular were machines and industrial facilities with Sk8 billion, and trucks, towing vehicles, and trailers with Sk7.5 billion, the Sme daily wrote.

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